Canceling credit card?
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Thread created 02-19-2013 by IvoryCadenza
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^^^Next time im at my bank I will sit down and talk with them and ask that very question. Thanks, I will keep you all posted.
Canceling credit card?
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Thread created 02-19-2013 by IvoryCadenza
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12 Replies
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Hmm I just cancelled one of my cards because they wanted to charge and annual fee. They would lower the interest rate but I never use it so why pay a fee. While I have had this card a long time will...
Canceling credit card?
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Thread created 02-19-2013 by IvoryCadenza
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I have an AMEX credit card that I no longer want now that the benefits of the card have changed. This is my main credit card and the one I use the most by far and have owned much longer than my visa...
Canceling credit card?
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Thread created 02-19-2013 by IvoryCadenza
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Both of you should call the card issuer and see if they will waive the fee for a year or offer you a retention offer (like free miles/points/etc), if not see if they will downgrade you to a no fee...
Canceling credit card?
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Thread created 02-19-2013 by IvoryCadenza
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I was actually just going to post the same type of thread. Currently have a Cap One cc that has absolutely no benefit. No rewards, fairly high interest rate, and an annual fee of $60. This card is...
Canceling credit card?
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Thread created 02-19-2013 by IvoryCadenza
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If you opened a CC (like chase sapphire) where first year fee is waived, but 2nd year charges a fee
should you cancel your cc @ the 11 month to not accrue any of these fees for 2nd ytear?
Canceling credit card?
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Thread created 02-19-2013 by IvoryCadenza
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I still kick myself in the ass for cancelling a lifetime no-fee AT&T cc several years ago. I was taking advantage of the numerous 0% APR (1yr) balance transfer credit card offers available at that...
Canceling credit card?
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Thread created 02-19-2013 by IvoryCadenza
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My card has a $95 fee but came with a airline ticket voucher which I always used so I was getting full benefits, but now the voucher is being discontinued. I'm just worried since I'm 25 and I only...
Canceling credit card?
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Thread created 02-19-2013 by IvoryCadenza
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Not really, actually it helps because more available credit lowers your credit usage which helps your score. However, I have seen that a bank such a chase will only give you so much credit from them...
Canceling credit card?
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Thread created 02-19-2013 by IvoryCadenza
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If there's no annual fee, there's no reason to cancel it. Just throw it in a drawer and forget about it.
Hit on your credit for cancelling totally depends on how many accounts you have, what your...
Canceling credit card?
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Thread created 02-19-2013 by IvoryCadenza
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This is correct, but in many cases you can simply switch your card to a different type of Amex. Find one you like, call and ask them to switch. If you're not jumping from a blue to a platinum charge...
Canceling credit card?
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Thread created 02-19-2013 by IvoryCadenza
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Are there penalities from having too many credit cards? (ie your score?)
Canceling credit card?
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Thread created 02-19-2013 by IvoryCadenza
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12 Replies
1,480 Views
I've usually got about 5-6 cards open at once and churn through 1-2 per year based on rewards. Credit score hovers 790-810, I've never had an issue.
